The artificial intelligence startup, Perplexity AI, has been making headlines recently due to its plans to start running ads on its search app in the fourth quarter. Despite the company’s impressive growth and increasing user base, it has been embroiled in controversy surrounding accusations of plagiarizing content from various media outlets. This situation raises questions
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Crocs saw a positive movement in premarket trading after an upgrade to buy from hold by Williams Trading. This upgrade was based on the company’s decision to sign actress Sydney Sweeney as a spokesperson for its Heydude brand. As a result, Williams Trading believes that this move could help to reverse the negative sales trends
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The Chinese electric vehicle manufacturer, BYD, has been actively seeking a location in Mexico to establish a new manufacturing plant. According to the firm’s country head, Jorge Vallejo, BYD has narrowed down its list of potential states to three and is currently evaluating various incentives being offered by each state. These incentives may include fiscal
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The future of Paramount Global is up in the air as the special committee of Paramount recently announced that they would be extending the “go shop” period by 15 days due to a competing bid from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However,
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Ford Motor’s recent announcement regarding the delay in production of a next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV signals a shift in the company’s priorities. Instead of focusing solely on all-electric vehicles, Ford has chosen to prioritize the development of hybrid models and electric commercial vehicles. This decision
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The surge in online sports betting has led to severe financial implications, especially for those who are already struggling financially. A recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlights the detrimental effects of the rapid growth of sports betting following the legalization in 38 states since the overturning of a
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The Chinese government has recently expressed its disapproval of the European Union’s decision to impose tariffs on electric vehicle imports from China. The Ministry of Commerce spokesperson stated that China believes the EU’s investigation into China’s subsidies for the electric vehicle industry has already reached biased conclusions. The spokesperson further accused the EU of promoting
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